RACCOON : FY 4/2022 (ending April 2022)Q2 Financial Results

FY 4/2022 (ending April 2022)

Q2 Financial Results

December 2, 2021

RACCOON HOLDINGS, Inc. Code: 3031 TSE 1st Section

Executive Summary (1)

HO LDI N GS

Key Points

Although transactions between domestic companies are starting to show signs of recovery following the lifting of the declaration of a state of emergency in October and the subsequent re-opening of the economy in Japan, the impact on Q2 was insignificant because the applicable period was short

1,500

1,000

500

0

Trends in domestic transaction value

of SUPER DELIVERY

May Jun.

Jul. Aug. Sep. Oct.

2,500

2,000

1,500

1,000

500

0

Trends in Paid transaction value

(external transactions only)

May Jun.

Jul. Aug. Sep. Oct.

Apr. 25 - Jun. 20	Priority	Jul. 12 - Sep. 30	Rebound		Apr. 25 - Jun. 20	Priority	Jul. 12 - Sep. 30	Rebound
Third declaration of a	preventive	Third declaration of a state of	prevention		Third declaration of a	preventive	Third declaration of a state of	prevention
state of emergency	measures	emergency	measures		state of emergency	measures	emergency	measures

From Q3 onward, a full-fledged recovery of the domestic economy is expected to have a

positive impact on the Company's business

© 2021 RACCOON HOLDINGS, Inc.	2

Executive Summary (2)

HO LDI N GS

		YoY
Net sales	2,295 million yen	+6.8%
Operating income	504 million yen	-23.9%

• Net sales by segment increased in both the EC business (+5.0% year on year) and the Financial business (+9.7% year on year). Because the impact of the uplift in the previous fiscal year from the special demand due to COVID-19 remained strong in the EC business, consolidated net sales increased moderately by 6.8% year on year. The substantial net sales excluding the net sales derived from the GMV of masks and sterilization goods in the EC business increased by 11.3% year on year, recording double-digit growth.
• The amount of guarantees provided in the Financial business increased slightly, but the rate of cost of sales remained lower than the pre-pandemic level.
• Due to increases in advertising expenses and personnel expenses associated with the continuous strengthening of promotion and the increase in the number of staff, selling, general and administrative expenses increased by 19.8% year on year and operating income decreased by 23.9% year on year.
• Due to the lackluster business results of certain investees, a loss on valuation of investment securities of 325 million yen was recorded in extraordinary losses. As a result, net income was a loss of 2 million yen.

© 2021 RACCOON HOLDINGS, Inc.	3

Trends in Consolidated Net Sales by Quarter (1)

HO LDI N GS

Consolidated net sales excluding net sales derived from the GMV of masks and sterilization goods in the EC business maintained double- digit growth with a year-on-year increase of 11.3%

(Unit: Million Yen)

2,500

Net sales derived from the GMV of masks and sterilization goods in EC business (estimate)

2,000

2,295

2,149

1,667

1,500

1,239

1,351

1,077

1,145

2,244

996

2,015

1,000

935

766

854

646

650

500

0

FY 4/2010

FY 4/2011

FY 4/2012

FY 4/2013

FY 4/2014

FY 4/2015

FY 4/2016

FY 4/2017

FY 4/2018

FY 4/2019

FY 4/2020

FY 4/2021

FY 4/2022

Q2

Q2

Q2

Q2

Q2

Q2

Q2

Q2

Q2

Q2

Q2

Q2

Q2

© 2021 RACCOON HOLDINGS, Inc.	4

Trends in Consolidated Net Sales by Quarter (2)

HO LDI N GS

Quarter-on-quarter growth in net sales stayed at a low level due to the usual seasonal variation, but net sales on a quarterly basis increased in both the EC business and the Financial business. Maintained consolidated net sales higher than those of the previous fiscal year, which were buoyed by the special demand due to COVID-19

(Unit: Million Yen)

1,200																	1,084			1,096	1,118	1,134	1,161
1,000				EC			Financial			849	863	946	1,065	416	436	446
							395	423
						810	817	818		409
800
669	682											387
							377	386
						364	351	362
600
243	257
400
																688	655	673	702	697	714
																558
						446	466	455	472	476
200	425	425
0
Q1			Q2	Q3	Q4		Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2
				FY 4/2019				FY 4/2020			FY 4/2021		FY 4/2022

© 2021 RACCOON HOLDINGS, Inc.	5